With a capital gain of -11.90% for the last 12 months, Rushworth, 3612 has performed for property investments than its average annual 3.23% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Rushworth has given property investors a paper return of -11.90%. This puts Suburb as 694 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Rushworth is offering property investors an average of -5.00. This rate of discount on properties puts Suburb at number 91th in terms of most discounted suburbs in VIC
Rushworth is 30th on a list of best yielding suburbs for rents in VIC with a 6.18% return
The suburb of Rushworth got its name from its inception during the 1853 gold rush in Victoria. While the rush is long over, the suburb is riding the waves of sustained growth.Full summary
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Gold rush town enjoys a golden growth period
Median house price: $210,000
Three-year growth: 32.91%
Rental yield: 5.70%
The suburb of Rushworth got its name from its inception during the 1853 gold rush in Victoria. While the rush is long over, the suburb is riding the waves of sustained growth.
Houses are astoundingly affordable at just $210,000 even after a significant price increase of over 12% in the February 2017 quarter alone. The almost 6% average yield is certainly eye-catching for investors, along with the potential shown for long-term growth seeing as the market has not fumbled in five years.
Rushworth is home to a few schools, including a P-12 college and St Mary’s primary school. There’s also a bakery/café. The suburb has much to offer as a tourist spot – there’s the local heritage walk and the Rushworth museum, for example. The Rushworth State Forest is located nearby and is perfect for bushwalking. 8km north of the suburb, Waranga Basin is a popular fishing destination.Close